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Volkswagen is in talks to sell its supercar brand Bugatti to Croatian businessman Mate Rimac, Manager Magazin said on Thursday citing individuals familiar with the talks. The sale to Mate
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Navistar International on Monday turned down Volkswagen truck unit Traton‘s buyout offer of $43 per share, but said it was a starting point for finding out a possible transaction. The German
Volkswagen’s CEO Herbert Diess on Monday sought to quell speculation that the world’s largest automaker, which is on its way to push for mass production of electric cars, has plans
QuantumScape said on Thursday it prepares to go public through a reverse merger with Kensington Capital Acquisition Corp KCAC.N with an enterprise value of $3.3 billion. QuantumScape is the 10-year-old
Automakers that once competed mostly over the power of their engines are now striving over a much less tangible sort of power as they race to develop automated automobiles –
Volkswagen on Thursday moved to turn down rumours that CEO Herbert Diess had been sidelined by issuing an unsolicited declaration of support, after clashes with the company’s labor leaders who
A German court on Tuesday stated it had started proceedings against current and former Volkswagen managers, including management board members, on suspicion they awarded excessive pay to labor leaders in
Volkswagen AG is expanding its cloud-based software and data portal, intending to develop it into an industry-wide marketplace where business consumers can purchase and sell industrial applications, the automaker said
South Korea’s rival battery-makers LG Chem and SK Innovation, who are the suppliers to leading automakers such as Volkswagen, Ford and General Motors, are caught in a growing row in
Volkswagen on Wednesday stated it was replacing software chief Christian Senger and moving the center of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where the automaker’s premium
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